Your Business Rates Bill
The front of your bill tells you about the property subject to Business Rates, the description, rateable value and the amount you have to pay. It also includes information about rate relief and transitional arrangements, if applicable.
Business Rates - Your Guide 2012| gives more information for businesses in Gloucester City.
To download Your Guide for previous financial years, please use the Documents tab above.
Business Rates Multipliers
Since the introduction of the Small Business Rate Relief Scheme| there are two multipliers set by the Government each year. Normally each year the multiplier will only change by inflation, however where a revaluation occurs the multiplier will also be adjusted to take into account the change in total rateable value between the old and the new Valuation List.
For the financial year 2011/12, the small business rate multiplier is 45.0p. In order to fund the Small Business Rates Relief Scheme, the supplement charged for those businesses not attracting relief is 0.8p, which means the standard multiplier totals 45.8p.
Transitional Arrangements
Property values normally change a good deal between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting the amount by which a bill may rise following a revaluation. To help pay for the limits on increases in bills after revaluation, there also have to be limits on reductions in bills.
The transitional scheme applies only to the bill based on a property at the time of the revaluation date. If there are any changes to the property after the revaluation date, transitional arrangements will not normally apply to the part of a bill that applies to any increase in rateable value due to those changes.
For more information, please go to Transitional Arrangements for 2010 to 2015|
Making Payments
Your bill shows how much you need to pay and when each instalment is due. There are several ways to pay| your Business Rates bill.
A reminder notice will be issued to you if you are late paying a Business Rate instalment. You will only receive one of these notices and any subsequent failure to pay on the 1st of each month will lead to immediate recovery proceedings being instigated for the whole year's balance.
Last Modified: Monday 19 March 2012